Central government debt, total (% of GDP) for Turkey
DEBTTLTRA188A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.11
Year-over-Year Change
-17.39%
Date Range
1/1/1990 - 1/1/2023
Summary
This economic trend measures the total central government debt as a percentage of Turkey's gross domestic product (GDP). It provides insight into the government's fiscal position and ability to manage its debt obligations.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The central government debt-to-GDP ratio is a key indicator of a country's fiscal health and sustainability. It represents the total outstanding debt owed by the central government, relative to the size of the economy. Economists and policymakers use this metric to assess a government's capacity to service its debt and make informed decisions about fiscal policy.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on national sources.
Historical Context
Governments and investors closely monitor this trend to gauge Turkey's financial stability and creditworthiness.
Key Facts
- Turkey's central government debt-to-GDP ratio was 39.6% in 2021.
- The ratio has decreased from a high of 46.1% in 2009.
- Turkey's debt-to-GDP ratio is lower than the OECD average of around 60%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding debt owed by the central government of Turkey as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The central government debt-to-GDP ratio is a key indicator of a country's fiscal health and sustainability, providing insight into the government's ability to manage its debt obligations.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on national sources.
Q: How is this trend used in economic policy?
A: Governments and investors closely monitor this trend to gauge Turkey's financial stability and creditworthiness, which can inform fiscal policy decisions and impact the country's access to international capital markets.
Q: Are there update delays or limitations?
A: The data is published annually by the IMF, so there may be a delay in the most recent updates.
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Citation
U.S. Federal Reserve, Central government debt, total (% of GDP) for Turkey (DEBTTLTRA188A), retrieved from FRED.